Early Loan Settlement Calculator
Estimate what it could cost to settle your loan early, including the maximum early settlement penalty a fixed-rate agreement may carry under the National Credit Act.
Estimate only — get a formal quote from your lender
Loan Details
Fixed-rate agreements may carry a penalty of up to 3 months' interest under the NCA. Variable-rate agreements may not carry an early settlement penalty.
Set to 0 to hide the comparison and show only the settlement cost.
Estimated Settlement amount
R 102 687,50
Balance + estimated penalty
Estimated Early Settlement Penalty
R 2 687,50
Up to 3 months' interest (fixed-rate maximum)
Keep Paying vs Settle Now
Settling now costs R 27 020,22 less than continuing the scheduled payments, at the figures entered above.
| Option | Total Cost |
|---|---|
| Keep paying (over 60 months) | R 129 707,72 |
| Settle now | R 102 687,50 |
Frequently asked questions
This is an estimate only, not financial or tax advice, and we are not a financial services provider (FSP). Your actual figures depend on your lender or provider, and your personal circumstances. The NCA early settlement penalty shown is the statutory maximum — your actual settlement quote must come from your credit provider.